Western Europe

LPs want liquidity and GPs want to be in a position to offer it to them, while both want secondaries volume.

All four of Glendower’s active secondaries funds have achieved their expected MOIC, according to CVC’s IPO prospectus.

The firm’s incoming CEO aims to provide private wealth investors with access to a full suite of investment strategies, including secondaries.

In this third episode of the Decade of Secondaries Investing miniseries, Goldman’s Harold Hope and Lazard’s Holcombe Green discuss how continuation fund technology has developed to facilitate single-asset continuation funds and the runway for further growth.

Reports of the benefits of preferential terms for investors who negotiate and structure a deal may be greatly exaggerated.

Capital raising for private equity secondaries strategies plummeted 77% year-on-year for the three months to end-March, according to PEI data.

The transaction comes off the back of at least three other insurance-focused continuation fund deals in Europe over the past half-year.

Head of secondaries Cari Lodge tells Secondaries Investor about deployment plans for the firm’s fourth secondaries vehicle, which closed on $1.1bn earlier this month.

In this second episode of the Decade of Secondaries Investing miniseries, Blackstone’s Verdun Perry and Evercore’s Nigel Dawn look at how the continuation fund market has evolved over the last decade and how it may evolve in the years to come.

‘Valuations have returned to a steady state, but GPs are facing more significant DPI challenges than ever,’ W Capital Partners’ David Wachter tells Secondaries Investor.